Tuesday, October 16, 2007

Maths in Econ

I came across the following at Cornell Economics Faculty website;

The student must have at a minimum two semesters of calculus as well as some linear algebra. This is an absolute minimum and is rarely seen as competitive for a financial aid offer. There is a strong admissions and financial aid bias towards students with more mathematics: differential equations, real analysis, mathematical probability and statistics.

Courses called Mathematics for Economists, Mathematics for Social Scientists, and Econometrics are not a substitute for formal Mathematics


We have a system where the engineer or the physicist has greater chance of getting accepted to a PhD in economics than someone who has studied economics at graduate or undergraduate level- don't we need to completely change the content and approach of teaching undergraduate economics?

1 comment:

Marshall Jevons said...

good comments on the issue at Market Movers http://www.portfolio.com/views/blogs/market-movers/2007/10/17/when-economics-phds-are-too-rigorous-for-economists